Summary by Moomoo AI
Canopy Growth Corporation, a Canadian cannabis company listed on the Nasdaq under the symbol CGC, has filed a prospectus supplement on April 1, 2024, to update and supplement information from its previous prospectus dated July 28, 2023. The supplement includes details from a Current Report filed with the SEC on April 1, 2024, and pertains to the offering and sale of up to 13,218,453 common shares by certain selling securityholders. These shares were issued on various dates in 2022 and 2023 as part of agreements with entities such as Canopy Oak LLC and High Street Capital Partners, LLC. The company has also entered into a sixth amendment to an arrangement agreement with Canopy USA, LLC and Acreage Holdings, Inc., extending the Exercise Outside Date for the acquisition of Acreage's Class D subordinate voting shares to April 30, 2024. This acquisition is part of a court-approved plan of arrangement and is subject to certain closing conditions. The amendment was made on March 29, 2024, and the completion of the arrangement is not guaranteed.